It's ok to have a general idea of what you want to do, but run the numbers using different strategy to see what the best fit is.

You're juggling personalities and people moving in and out at different times.  

You'll have to create different marketing campaigns directly to property owners and find those hot off-market deals. 

Working with a team is different.

So yes, more expensive homes with lower rates can be different than cheaper homes in higher areas but then actual principal, interest, and insurance will likely do the off-setting. 

Literally will get the same property from 15 different wholesalers, with each subsequent email increasing the price $10k from the previous email. 

I have heard and read a couple different perspectives on this.  

Please note -- although this is separate from property management, IF your PM handles this for you in addition to traditional property management, is the fee you would pay them for this different than if it were a completely independent construction manager/overseer not already associated with the apartment complex?

We have our agent and lawyer selected but are between two different lenders.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.